Lee & Associates Facilitates Sale Of Houston Industrial Building To American Fire Systems
14219 Westfair W Dr, Houston, TX, 77...
Building Size
24,928 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
An industrial building spanning 24,928 square feet located at 14219 Westfair W. Drive in Houston has been successfully sold. The property was acquired by American Fire Systems from Export Service International Forwarding LLC, a Houston-based freight company. The transaction was facilitated by Thomas Leger and Patrick Wolford of Lee & Associates representing the buyer, while Richard Glass of CRC Real Estate acted as the seller's representative.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: American Fire Systems
- Buyer's Representatives: Patrick Wolford(Lee & Associates), Thomas Leger(Lee & Associates)
- Seller: Export Service International Forwarding LLC
- Seller's Representative: Richard Glass(Lee & Associates)
- Address: 14219 Westfair W. Drive, Houston, TX
- Market: Houston
- Square Footage: 24,928
The deal saw the involvement of reputable individuals in the real estate industry. Thomas Leger and Patrick Wolford from Lee & Associates expertly represented the buyer, American Fire Systems. On the other side of the transaction, Richard Glass of CRC Real Estate spearheaded the negotiations on behalf of the seller, Export Service International Forwarding LLC, ensuring a smooth and successful sale of the industrial property.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93